The Los Angeles Times is reporting that Google is in early talks to purchase the popular video-streaming service Hulu. Google isn’t the only company vying for Hulu, however, as Microsoft and Yahoo! are also on the list of potential suitors.

Though Hulu is already on Android, this service is restricted to a select number of handsets and requires users to have a Hulu Plus subscription to access Hulu on Android. It is unclear at such an early stage in the process what the acquisition of Hulu would mean for Android. I think we could all agree that having access to Hulu’s catalog of current-season TV shows without a Hulu Plus subscription would be an awesome addition to Android’s repertoire–something well within the realm of possibility, considering the level of ad support Hulu has amassed (over 600 advertisers have signed on with Hulu to date). If nothing else, it could pose some pretty significant implications for Google TV, which has been oft-criticized for the lack of content.

For more details and speculation on the Hulu situation, head over to the L.A. Times website.

Should you have speculation of your own to add to the discussion, go ahead and leave a comment below. What do you think this potential deal means for Android? How about for Google TV?

I would really be afraid of this deal going thru. Google already owns one of the biggest sources of streaming media out there: YouTube. I mean it would be a great thing for Google Tv and maybe even android but that a hell of a lot of control over streaming media for one company. Less competition is bad for everyone.

This would be pure gold for Google. Hulu’s proprietary stance really hurt Google TV 1.0. I think with Hulu available for free, Google TV 2.0 would see MUCH greater adoption, forcing other “studios” into line. Basically resulting in Google leading the way into the internet-based replacement of traditional (free) television. Without going into the implications of that, Google should make sure they get Hulu.